Canadian Real Estate Tag

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28 May

Image® Bonnie Meisels all rights reserved Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024 According to CREA, the Canadian Real Estate Association, the average home price to end the year lower by 4.8% but to rise again in 2024.   “As the spring market heats up and it looks as though some buyers are coming off the sidelines, it's important to remember that the intense market conditions of recent years have not gone anywhere, they've just been on pause,” said Jill Oudil, CREA's chair, in a press release."   Canadians are re-entering a market that's seen months of...

16:05 / Canadian Real Estate / Montreal Market Data / Montreal Real Estate / Real Estate trends
15 Apr

The Latest Market Update March 2019 The latest market update for March 2019 across Canada continues to show a steady decrease in sales across most major markets in Canada, except for Quebec. A Look At Montreal Sales March 2019 According to Centris: Residential sales increased in March 2019, a modest 1 per cent compared to March of last year. This was the 49th consecutive monthly increase in sales. The Island of Montreal posted a 6 per cent drop in sales, while sales in Laval fell by 1 per cent. But one must take into account a 15 per cent drop in inventory compared to one...

22:52 / Montreal Real Estate
04 Mar

Montreal Compared To Toronto & Vancouver Markets Montreal compared to Toronto & Vancouver markets, is a quick snapshot of the the three cities in terms of their overall real estate performance. All three cities, Montreal, Toronto and Vancouver are strikingly different. Montréal is very European in feeling, with old architecture and rich history. The province's predominant language is French with a small Anglo minority.  Montreal is world renown for it's awesome food culture! Montréal's real estate market, due to political instability, endured periods of stagnation, keeping price points much lower than the Toronto & Vancouver markets. Over the past few years,...

03:13 / Montreal Real Estate
24 Feb

Housing Affordability In Canada Is Actually Improving Housing affordability in Canada is actually improving. for the first time in three years.  For the first time since 2015 "the National Bank of Canada's home affordability measure fell 0.2 points in the fourth quarter of 2017, meaning that an average mortgage on a representative home was slightly cheaper than it was a quarter earlier." This was due to two main factors, lower home prices and slower sales in Toronto over the last six months and a booming job market. https://infogram.com/how-much-of-your-income-you-need-to-spend-to-afford-an-average-mortgage-1h7z2lxlzg5l2ow Rising housing prices have also led to rising interest rates with mortgage rates havem risen about...

05:13 / Uncategorized
04 Feb

Montreal Real Estate Conference By CREC Montreal real estate conference by CREC (Concordia's Real Estate Club) was held today at John Molson School of Business. Today's Montreal real estate conference was the 3rd year and I was happy I was able to attend. How great to see all these young business students dressed in suits and eager to learn about the vast world of real estate. The conference did not disappoint.  Although the workshops had an overall informal vibe, they were very informative. The conference was well organized and had lots to offer with it's diverse topics. Whether your interest was in...

03:40 / Uncategorized
08 Jan

Chinese Buyers In The Canadian Market Chinese buyers in the Canadian market features the recent report "China to Canada: International Home Buyer Insights", jointly created by Sotheby's International Realty Canada and Juwei.com, China's premiere international property portal. The report uncovers the prospective interest in home buyers from mainland China in terms of  pricing, motivation, and levels of interest between conventional and top-tier real estate in Vancouver, Calgary, Toronto and Montreal. The report does take into account the impacts of the recently imposed 15% property transfer tax on foreign buyers in Metro Vancouver. Some Key Takeaways: Education was the most commonly cited motivation for Chinese interest...

02:20 / Uncategorized
14 Nov

PWC Report On Emerging Trends In Real Estate 2018 PWC report on emerging trends in real estate 2018 is a must read. It's an interesting and informative report on the Canadian real estate outlook for 2018. The PWC report zeros in on the types of real estate which hold promise in 2018, amidst the changing landscape of commercial, development, and investor portfolios. It identifies where the projected opportunities will be along with ranking the Canadian provinces in order of their real estate market potential outlook. The economic trends and forcasts are helpful in showing us by province, the actual employment, unemployment, GDP,...

03:17 / Montreal Real Estate
29 Jun

12 Charts About Canadian Housing That Will Make You Go WTF 12 Charts About Canadian Housing That Will Make You Go WTF - article by Huffington Post. Although Canada has never built as many condos, RBC who created many of the charts here are not concerned as there's still a housing shortage in Toronto and Vancouver where a lot of the construction is concentrated. In contrast single family home construction is near record multi year lows attributed to the lack of space in Toronto and Vancouver as illustrated in the RBC chart below. This short supply may help explain why single-family home...

03:39 / Montreal Market Data / Montreal Real Estate